By Harold Emert

SÃO PAULO, BRAZIL - Seeking to maintain Formula 1 in São Paulo as Rio de Janeiro seeks to take it over, São Paulo's Municipal Council approved on Wednesday the "concession and not privatization" of the famous Grand Prix to maintain it at Interlagos.

The Council's President Eduardo Tuma says "the concession guarantees that F-1 will remain in São Paulo because whoever is the concessionaire will be interested in promoting the event. The city wins out with this because it is different than privatization, which would mean the sale and possibly real . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here